Telefónica, S.A. (NYSE:TEF – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $4.67, but opened at $4.85. Telefónica shares last traded at $4.88, with a volume of 282,577 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Telefónica presently has a consensus rating of “Hold”.
View Our Latest Research Report on TEF
Telefónica Stock Down 5.8 %
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in Telefónica by 71.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 2,603 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Telefónica during the third quarter worth about $45,000. Abel Hall LLC bought a new position in Telefónica in the 3rd quarter valued at approximately $53,000. Carrera Capital Advisors acquired a new stake in Telefónica during the 4th quarter worth approximately $47,000. Finally, Callan Family Office LLC bought a new stake in Telefónica during the 4th quarter worth approximately $44,000. 1.14% of the stock is currently owned by institutional investors and hedge funds.
About Telefónica
Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.
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